News & Analysis as of August 16, 2025

Loans

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The term "mortgage" typically refers to a mortgage loan. A mortgage loan is a financing instrument where an individual or business borrows money to purchase property (usually real property) and... more +

DOJ Moves to End $13 Million Redlining Consent Order

Sheppard Mullin Richter & Hampton LLP on 6/13/2025

On May 28, the U.S. Department of Justice filed a motion to terminate its redlining consent order against a New Jersey-based bank. The five-year order, entered in September 2022, resolved allegations that the banks violated...more

Beware of the Law of Unintended Consequences

Cadwalader, Wickersham & Taft LLP on 8/14/2024

A recent study, Government Litigation Risk and the Decline in Low-Income Mortgage Lending, provides further evidence that the law of unintended consequences reigns supreme, particularly in the realm of public policy. The...more

When does a plaintiff have a right to a jury trial under the CSPA? - McGlinchey Commercial Law Bulletin

McGlinchey Stafford on 5/18/2022

Fraudulent Transfer Act Allan v. Allan, 8th Dist. Cuyahoga Nos. 110177, 110179, 2022-Ohio-1488- In this appeal, the Eighth Appellate District reversed the trial court’s decision under the Fraudulent Transfer Act case to...more

RMBS Litigation Relating to Loans Sold Prior to 2008: Are We Finally Nearing The End?

Bilzin Sumberg on 3/17/2020

The years since the 2007–2008 financial crisis have been marked with milestone settlements of claims against the major mortgage “aggregators” (sometimes also known as “investors” in the mortgage purchasing context), who then...more

Justice Department Recovers Nearly $6 Billion From False Claims Act Cases in 2014

Carlton Fields on 10/7/2015

The U.S. Department of Justice (DOJ) obtained a record $5.69 billion in settlements and judgments from civil cases involving fraud and false claims against the government in fiscal year 2014. This marks the first time the DOJ...more

Orrick's Financial Industry Week in Review

Orrick, Herrington & Sutcliffe LLP on 3/10/2015

FHFA Updates Requirements for Freddie and Fannie Sales of Non-Performing Loans - On March 2, FHFA announced changes to requirements for sales of non-performing loans (NPLs) by Freddie and Fannie to reduce the number of...more

Freddie Mac and Fifth Third Bancorp Reach Settlement Agreement

Orrick - Finance 20/20 on 12/12/2013

On November 25, Fifth Third Bancorp announced a $25 million settlement agreement with Freddie Mac related to mortgages sold by the bank prior to January 1, 2009....more

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